BTC Dominance: Breaking the Channel or Staying Strong?Bitcoin's dominance continues to climb within a well-defined ascending channel. However, recent volatility has brought it close to critical resistance levels around 57.7%. A breakout above this could signal continued BTC strength, but a rejection might lead to a pullback towards the green support zones at 54% or even 50%. Is this dominance trend sustainable, or are we due for an altcoin season? Share your analysis and insights below!
BTC.D trade ideas
Bitcoin Dominance vs. AltcoinsBitcoin dominance is an extremely important parameter for traders and investors.
It marks the beginning or end of altcoins season!
CRYPTOCAP:BTC.D
Bitcoin dominance is an important metric for understanding the overall health of the cryptocurrency market. As the most dominant cryptocurrency, it's an indication of the strength and popularity of the asset, and can be used as an indicator of the overall market sentiment. Therefore, investors need to monitor Bitcoin dominance to gain insights into the current state of the market.
Bitcoin Dominance#Bitcoin Dominance or When Will Altcoins Grow?📈
As I said before, the 65% mark is very likely the peak of Bitcoin dominance.
📝If we look at where we can expect the bottom of dominance, I would say something around 45%, a little higher than in the last cycle.
💡This is a good time to pour some liquidity into fundamentally strong alts. If you lack quality tools, welcome to Feels Strategy.
BTC DOMINANCE (4H) UpdateThis analysis is an update of the analysis you see in the "Related publications" section
From the point where we placed the red arrow on the chart, Bitcoin dominance correction has started.
After completing wave A, the price entered wave B.
Wave B appears to be a diametric, and we are currently in wave f of this diametric.
It seems that one wave g of this diametric remains, which could extend until December 31, 2024. From January 1, 2025, this index may experience a decline. This date aligns with when Trump takes office, bringing various plans for the crypto market.
If a weekly candle closes below the green zone, this scenario will be invalidated, and Bitcoin dominance will likely experience a more significant drop.
For now, this is our perspective on Bitcoin dominance.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoin Dominance Monthly ChartBitcoin Dominance is primed for a decline, RSI is overbought already, Confirmation of the beginning of a decline if we close this month bearish
If we do get an alt season, an oversold RSI on the Monthly will be a good place to start taking profit and even closing all your altcoin position has an oversold RSI has signaled the end of alt season in the past
BTC. DWe were among the most cautious people about the direction of the markets according to the data of the trend in acquisition and based on that we were updating the trends in alternative currencies
Now we have to see the top and bottom
And be assured of any decline in alternative currencies as this is considered temporary, we are in a stage of market shock from the third and fourth months until approximately the ninth month of 2024 until the recovery of the movement of alternative currencies began
Despite the rise of some alternative currencies, this is not considered a rise
The season of rising for alternative currencies has not come yet
So stick to buying deals no matter how low the market is and be aware that patience is the key to wealth and profits in the world of markets. Do not be quick, confused and afraid
Hope is coming and we will have a market that is considered very excellent and be confident that dozens of falling candles will come, one rising candle will close on all the falling candles in the rising season
BTC.D update - Jan 03 2025BTC dominance followed previous analysis nicely and had an upward move which was in fact the retest of the long term ascending trendline as well as the 58% zone.
The retest seems to have been completed and BTC.D appears to be heading for much lower levels.
This means more focus should be placed upon altcoins as they will probably out-perform BTC from now on provided that BTC doesn't dump heavily. in other words as long as BTC.D is dropping and BTC remain steady or rising, we can experience an alt-party/ altseason.
Bitcoin dominance to confirm a downtrend soon- follow up analysis on this one:
- Total new ATHs indeed marked the top of bitcoin dominance
- for the past two weeks or so bitcoin dominance has rebounded however it is becoming clear that the rebound is likely to form a lower high
- while alt/usd valuations will still depend on bitcoin´s direction they should soon suffer less when bitcoin is falling and outperform heavily when the king is rallying
BTC.D; AT A CRITICAL POINTBitcoin dominance is at a very critical point. Two scenarios can happen here. If BTC.D holds the 57% support, a huge move can happen with the dominance reaching 70%. If it loses that support, we can expect a double bottom with the dominance reaching 40-45%.
Since we saw a shadow and btc.d held the 54.5% support, it may strengthen the possibility of an upwards move (though it wasn't bullish enough to break the resistance and we had a bearish candle before that as well) so the market is in an uncertain state.
pay attention to the 60% resistance. The dominance couldn't break it the previous time, and it still needs to be broken.
For now, 55.80% can also be reached and we might see an attempt for breaking the resistance from there (with a lower chance), in that case the second scenario plays out and 70% can be reached (if the resistance is broken ofc)
BUT, if the support is lost, first this current support and then the 55.8%, it is more likely that we will see a double bottom (MTF).
This part is my speculation: I'm not bullish on BTC itself but I am bullish on Ethereum. If the dominance rises and the price falls, it will be a hard time for the whole market, but if the double bottom scenario happens for btc.d, we can see another drop in alts (not a huge one) with BTC reaching 70K then a good time for altcoins. However it's my theory and I might be wrong.
I hope the market sentiment shifts, and investors realize they shouldn't sell off everything when Bitcoin dips. If Bitcoin's dominance falling, Ethereum should not fall just because Bitcoin's price does. But it happens SMH
BTC.DOMINANCE CHART Every year before the altcoin season, we observe a familiar pattern: BTC dominance (BTC.D) rises significantly, then drops sharply, creating room for altcoins to rally.
2018–2020: BTC.D peaked at 72%.
2021: BTC.D dropped from 72% to 39%, sparking an incredible altcoin season.
We seem to be in a similar cycle now!
2022–2023: BTC.D rose from 40% to 60%.
Could we see a drop in BTC.D this year? It’s highly likely!
If BTC.D were to drop back toward 39%, it could signal an immense flow of capital into altcoins, potentially igniting an altcoin season reminiscent of 2021’s explosive rally.
I CANT WAIT TO SEE IF THIS PLAYS OUT!
Dominance analysis of CryptoCRYPTOCAP:BTC.D #BTC .D
CRYPTOCAP:TOTAL #TOTAL3
From the generalization of the altcoin chart and the Bitcoin dominance chart, we can see that the altcoin pump is imminent.
Just have to wait for the dominance bit to complete its pullback to the broken uptrend.
Altcoins may be on the lookout until the pullback is complete.
A little patience, dawn is near.
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
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